v3.25.0.1
STOCK-BASED AWARDS (Tables)
12 Months Ended
Dec. 31, 2024
STOCK-BASED AWARDS [Abstract]  
Summary of Stock Option Activity

Option
‎
Shares (thousands)

Weighted

average

exercise

price

Weighted
‎
average
‎
remaining
‎
contractual
‎
life (years)

Aggregate
‎
intrinsic
‎
value
‎
(thousands)

Outstanding at December 31, 2023

11,401

$

53.02

Granted

2,789

56.76

Exercised

(2,450)

44.98

Forfeited

(781)

57.68

Outstanding at December 31, 2024

10,959

55.47

6.6

$

298,597

Exercisable at December 31, 2024

6,482

53.13

5.1

191,773

Expected to vest at December 31, 2024

4,477

$

58.85

8.7

$

106,824

Fair Value of Options Using Black Scholes Option Pricing Model

Year Ended

December 31,

2024

2023

2022

Risk-free interest rate

3.52%

-

4.75%

3.45%

-

4.77%

1.46%

-

4.04%

Expected term (years)

4.7

-

7.5

4.7

-

4.8

4.7

-

9.9

Expected volatility

34.0%

-

39.0%

35.0%

-

38.0%

33.0%

-

35.0%

Expected dividend yield

—%

—%

—%

Summary of Restricted Stock Unit Activity

Restricted Stock
‎
Units (thousands)

Weighted
‎
average
‎
grant date fair value
‎
per share

Weighted
‎
average
‎
remaining
‎
contractual
‎
life (years)

Outstanding at December 31, 2023

820

$

54.98

Granted

37

67.90

Vested

(367)

54.10

Forfeited

(74)

54.10

Outstanding at December 31, 2024

416

$

57.05

2.64

Summary of Performance-Based Restricted Stock Unit Activity

Performance-Based Restricted Stock
‎
Units (thousands)

Weighted
‎
average
‎
grant date fair value
‎
per share

Weighted
‎
average
‎
remaining
‎
contractual
‎
life (years)

Outstanding at December 31, 2023

106

$

53.61

Granted

—

—

Vested

(18)

54.10

Forfeited

(21)

54.10

Outstanding at December 31, 2024

67

$

53.57

1.73

Stock-based Compensation Schedule

Year Ended

December 31,

(In thousands)

2024

2023

2022

Stock-based compensation expense

$

54,191

$

38,995

$

32,810

Stock-based compensation expense classified in Acquisition-Related Costs

—

13,747

—

Net stock-based compensation capitalized into inventory

95

31

657

Total stock-based compensation cost

$

54,286

$

52,773

$

33,467